Nobel Path
Innovating today. Funding tomorrow.
The R&D you already do could fund the R&D you do next.
Nobel Path helps Canadian companies claim the SR&ED tax incentive. We find the eligible work, prepare the claim, file it with your corporate return, and stand behind it if the CRA has questions.
The program
What is SR&ED?
Scientific Research and Experimental Development (SR&ED) is a federal tax incentive administered by the Canada Revenue Agency, with matching Ontario credits on top. If your company tried to solve a technical problem where the outcome was genuinely uncertain, the salaries, materials and contract costs behind that work can come back to you as an investment tax credit.
For Canadian-controlled private corporations the credit is refundable: it first reduces taxes payable, and the rest is paid out in cash. You do not need to be profitable to claim, and you do not need a lab. Iterating on a process on the shop floor, load-testing a structure, or working through failed builds of a software system can all qualify when the technical uncertainty is real.
- Who we work with. Ontario and GTA businesses doing technical work: construction, manufacturing and software teams claiming for the first time or unhappy with their current consultant.
- Refundable for CCPCs. Qualifying Canadian-controlled private corporations receive the credit in cash, even in an unprofitable year.
- Your IP stays yours. The CRA treats project descriptions on the claim as protected information.
- Claimed through your T2. The claim rides on your corporate return via Form T661 and the provincial schedules. No separate application process.
Why Nobel Path
A boutique team, built around your claim
We are a small Ontario firm combining engineering and accounting depth. You work with the people who write your claim, not a call centre.
Trusted expertise
Technical knowledge you can rely on. Engineers who understand your work describe it in the CRA's terms, accurately.
Reliable guidance
Accurate. Compliant. Dependable. Claims built to hold up under review, with the evidence trail the CRA expects.
Client success
Your innovation. Our commitment. We measure ourselves on credits landed in your account, not reports delivered.
The engagement
How a claim comes together
A first claim usually spans a few weeks of elapsed time and a handful of hours of yours. Here is the path from first call to credit.
Eligibility assessment
A short conversation about your recent projects. We walk through the questions the CRA effectively asks: what was technically uncertain, what you hypothesized, how you experimented, and what you learned. You leave knowing whether a claim is worth pursuing.
Claim preparation
We interview the people who did the work and draft the technical narratives, then build the financial schedules: salaries, materials, subcontracts, and any government assistance netted out. Everything lands on Form T661.
Filing with your T2
The claim files as part of your corporate tax return, together with the Ontario schedules. We coordinate directly with your accountant so nothing falls between the two returns.
Review and audit support
If the CRA selects your claim for review, we prepare the responses, assemble the supporting records, and sit beside you in every meeting. Defending the claim is part of the engagement, not an extra.
Our fee is success-based: a share of the credit you actually receive. No retainers, no hourly billing, and nothing owed if the claim does not land.
Questions
Frequently asked questions
We are not profitable. Can we still claim?
Yes. There is no profitability requirement. For qualifying Canadian-controlled private corporations the credit is refundable: it offsets any taxes payable first and the remainder is paid to you in cash, generally for the year the expenditures were incurred.
Will the CRA see our trade secrets?
The project descriptions in your claim are treated as protected information by the CRA. Describing your work on Form T661 does not publish it or weaken your intellectual property position.
When does a project start counting?
A project starts when you hit a scientific or technological uncertainty: a point where standard practice could not tell you whether or how something would work. General research before that moment is not claimable, but work done to resolve the uncertainty is.
We received a government grant. Does that disqualify us?
No, but assistance received for the same work must be deducted from the claim. We calculate the netting as part of the financial schedules so the claim stays accurate.
What records will we need?
Nothing extra is filed up front, but if the CRA reviews the claim it expects contemporaneous evidence: time sheets, project plans, test records, code or drawings, photos, meeting minutes. We help you set up lightweight tracking so next year's claim documents itself.
Do unpaid or accrued salaries count?
Salaries must actually be paid within 180 days of your tax year-end to be claimable. Accruing pay as a liability and settling it after the refund arrives does not qualify, so timing matters and we plan for it with you.
Contact
Tell us what you were trying to solve
The two questions below are where every claim starts. Answer them roughly and we will tell you, plainly and for free, whether there is a claim worth making.
Prefer email? Write to info@nobelpath.ca